Properly Structured And Effective Strata Management

By Author: Christopher Whelan
Total Articles: 74
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Strata Management is an amazing process of assigning in an explicit way, a host of strata managing agent who is dubbed as the Strata Manager in order to deal with the everyday chore based daily needs. The strata managers are licensed and astutely professional in their functioning and are employed with such a strata services management company, upholding and sharing venerable strata schemes with the world. Usually among the multitude of such management companies abound, the better ones are keen on recruiting individuals with experiences. A good strata manager is in fact an asset for the company and is humbly judicious in the art of sheer management of the multitude of schemes pertaining to the weird yet wonderful issues which better or augment the strata living.

The value of the strata managers is indispensable. The myriad costs involved in designing well-structured and duly efficacious Strata Management in strong correlation with intangible heartache, disappointment and to a large extent, frustration can be enormous; the several strata managers come good to lower the emotional burden of the individuals and are able to ...
... make use of the time levied in the process. The managers are also good at performing without much nagging invoked.
The Owners Corporation has borne a legal responsibility in framing the dos and Don’ts which an inveterate management agent needs to follow in order to seek a proper license, legally corroborating their functionalities and upholding the fact that they may perform strata schemes as and when asked for. The commonplace duties of the managing agents largely revolve around the maintaining genuine trust account and ensuring or embarking upon a common seal, thus maintaining the accounting records to the full. They are in charge of maintenance of safety regimes in storing accounts and records for a stipulated period, the minimal being that of 5 years. They have feasible access to myriad stored accounts and records.

Their issues on Strata Management need to consider handling difficult or complicated processes pertaining to strata issues. Keeping up with the Work-Health Safety regulations or WHS and complying with the Fire Safety Regulations is mandatory. The managers are entrusted with the tasks of monitoring, evaluating and subtly implementing legislations. They are also associated with levying notices and levy arrears or manage liaison with the owners aiding in recovery of payments. They can also attend and duly resolve harmony-based issues maneuvered within the strata schemes. Coordinating, largely changing bylaws, ensuring management of 108 and 109 certificates of acts, they arrange valuations and ephemeral quotes for ensuring insurance. Maintain all correspondences with the Owners Corporation are the primary functionality of strata managers. Other pragmatic jobs comprise of lodging insurance claims, maintaining the legal ‘minute book’, liaising with the ATO regarding myriad tax affairs and advising NSW management of strata based schemes.

If one ponders on resorting to self-management one needs to manage time, tackle knowledge and drive which fosters better Record Keeping Service before a final, binding decision is framed. On a regular basis, the consumers are charging very less price in weekly basis.

Christopher Whelan is a Licensed Strata manager at Whelan Property Group Pvt. Ltd. He has shown great innovation and believes Whelan Property Group is at the forefront of technology use in Strata management followed by Strata Scheme